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Machete Visor
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Posted - 2010.11.01 13:59:00 -
[1]
So I saw in another thread where the scale of richness went something like:
<1B poor >500B rich
And it got me thinking, how can one make it to 500B?
I make around 3B a month in station trading, fairly casually. Just doing that, assuming no expenditures, it would take 167 months or 13.8 years.
Assuming you can double that through real dedication, you are still looking at 7+ years.
So what are the other avenues... lets say you can pull in 100M per hr doing PVE (level 5 missions, wormholes, level 4 blitzing, whatever). Assume you can do 8hrs a day for 30hrs a week. That is about 3B a week or 12B a month. In that case, assuming no expenditures, you are at 500B in 3.5 years. 100M is likely a pipe dream and most people are lucky to hit around 50M-70M max.
I think we have to assume mining ore is similar or a little less (likely less) than mission running.
We know PI won't cut it.
Mining gas in a WH is unlikely to give you the volumes either.
I know someone has posted the numbers on RGB, and I don't think it will pull in more than missioning. Maybe having 10 dedicated RGB characters running full level 4?
So what are the other activities? Lottos Scams Industry (t1, t2 and t3) Running a service Owning a corp Moon mining Selling characters Corp theft
Lottos have decent returns, from what I've seen, but don't turn over fast.
Scams don't turn over fast.
Industry margins are generally too small... I don't have a good feel for this though. Is 10% a reasonable estimate? How about t3?
Akita T can probably provide a moon mining estimate. I've heard 4B a month for a tech moon, but I am not sure. In that case, still takes 7 years.
Owning a corp: Is it possible to sign up enough newbie mission runners to do it with taxes?
Selling characters: I've looked into this and the margins are actually not very good, when considered plex + transfer costs. It is ok source of passive income for someone who doesn't need to train their main (like me).
Corporate theft is obviously one way to do it. But it requires a lot of trust grinding... I guess Bobby did 850B in a year and half.
Providing a service: Somer seems to make about 20% on each item he sells on 'somer.blink.' With 1T in prizes, that is about 200B. Not bad. How much do Grendell/Chribba/Darkness pull in for their 3rd party services? Woddel charges 1M a month for Eve commander and has 5000 users (or claims to). That is 5B a month, comparable to station trading.
So that brings me down to... taking advantage of game changing events. t2 BPOs via lottery. NPC goods from PI. Insurance fraud.
I'm not expecting anyone with 500B in their wallet to reveal their secret. Just curious what the general perceptions are out there...
tl;dr - is 500B possible without taking advantage of a game mechanic or large scale corporate theft?
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Steve Celeste
Overdogs
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Posted - 2010.11.01 14:42:00 -
[2]
Market manipulation / patch speculation.
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SetrakDark
Northstar Cabal R.A.G.E
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Posted - 2010.11.01 14:46:00 -
[3]
Originally by: Steve Celeste Market manipulation / patch speculation.
Besides "more" trading or "more" industry (spending more time and/or effort and/or better planning), that's the way to make a lot of money. You just need a good base to start with.
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Rasta Rocketman
Appetite 4 Destruction
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Posted - 2010.11.01 14:49:00 -
[4]
I would guess only huge alliance leaders have access to that kind of isk, but then again isk-making is not by bag so that is just a guess. _______________________________________________
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Don Pellegrino
Pod Liberation Authority HYDRA RELOADED
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Posted - 2010.11.01 14:53:00 -
[5]
Edited by: Don Pellegrino on 01/11/2010 14:55:02 If your money increases linearly (i.e. +3b a month), you are doing it wrong.
With 50b, you should normally be earning 10 times more isk per week than you used to earn with only 5b.
What's hard isn't to get to 10b, it's to keep it increasing exponentially past 10b.
edit:typo ____________________________________________
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flakeys
DRAMA Inc Sev3rance
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Posted - 2010.11.01 15:12:00 -
[6]
Wayyyy too much gametime for starters
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Whitehound
The Whitehound Corporation The Chamber of Commerce
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Posted - 2010.11.01 15:32:00 -
[7]
Also, people like to use multiple accounts and alts, to be in several places at once, to do more trading and more industry, and eventually moving the ISK to a main character, which is then the rich character. --
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Tivookz
Caldari Long Dong Corp United Front Alliance
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Posted - 2010.11.01 15:46:00 -
[8]
And the point of reaching 500B would be what?
To be honest I predict the amount of players with a private 500B+ wallet is less than a dozen. There simply is no reason to have that much money. There are very few things can do with that amount of money that you could not do with 100 bil. __________________________________________________
Hating Cash Craving Productions since oct 15th 2008 |
Ira Theos
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Posted - 2010.11.01 16:17:00 -
[9]
Originally by: Tivookz And the point of reaching 500B would be what?
To be honest I predict the amount of players with a private 500B+ wallet is less than a dozen. There simply is no reason to have that much money. There are very few things can do with that amount of money that you could not do with 100 bil.
************ Such an unimaginitive view. You must be one of those PvP "Cogs" that goes "whirrr and click" when told to.
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cosmoray
Cosmoray Holdings Corp
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Posted - 2010.11.01 16:38:00 -
[10]
At a certain size grinding trading/PVE/mining... whatever becomes very boring.
What usually happens is people look for passive income, a nice revenue stream that pays for any financing, PLEX'es and whatever else the player wishes to do with the money.
If I would have pushed hard with industry I would have cleared the 500B by now, but I gave up last year because it was/is hard work. All my income is passive now, and I play much less than I used to.
Best way to make a huge return is to bet big at patch changes or game inconsistencies (Insurance for ships was mine). Just watch the theorycrafters come out pre-patch and see the speculation.
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Tivookz
Caldari Long Dong Corp United Front Alliance
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Posted - 2010.11.01 16:58:00 -
[11]
Originally by: Ira Theos
Originally by: Tivookz And the point of reaching 500B would be what?
To be honest I predict the amount of players with a private 500B+ wallet is less than a dozen. There simply is no reason to have that much money. There are very few things can do with that amount of money that you could not do with 100 bil.
************ Such an unimaginitive view. You must be one of those PvP "Cogs" that goes "whirrr and click" when told to.
Really?
Then tell me what exactly would you have done with 500 bil? Bought 7 titans so that you can uber pwn someone? Hired tons and tons of mercs to wardec some big alliance? Market manipulation?
Wardeccing someone could be fun but only fun to watch.
Market manipulation? meh.
Tiv __________________________________________________
Hating Cash Craving Productions since oct 15th 2008 |
Akita T
Caldari Caldari Navy Volunteer Task Force
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Posted - 2010.11.01 17:01:00 -
[12]
Originally by: Steve Celeste Market manipulation / patch speculation.
Certainly the most easily approachable way. _
Beginner's ISK making guide | Manufacturer's helper | All about reacting _
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Machete Visor
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Posted - 2010.11.01 17:09:00 -
[13]
Originally by: Don Pellegrino Edited by: Don Pellegrino on 01/11/2010 14:55:02 If your money increases linearly (i.e. +3b a month), you are doing it wrong.
With 50b, you should normally be earning 10 times more isk per week than you used to earn with only 5b.
What's hard isn't to get to 10b, it's to keep it increasing exponentially past 10b.
edit:typo
I'm curious if anyone can make 50B on 50B in a month. It seems to me that the % return must diminish as the base increases... so in that regard, is it possible to be "doing it right"?
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Razz XXX
Minmatar Vashta Nerada Corp
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Posted - 2010.11.01 17:10:00 -
[14]
Originally by: Akita T
Originally by: Steve Celeste Market manipulation / patch speculation.
Certainly the most easily approachable way.
I concur.
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Dariah Stardweller
Gallente NO U111 Enterprises
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Posted - 2010.11.01 17:38:00 -
[15]
Bah, you just ruined my goal of becoming a trillionair in EVE. With you math and such
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Roguehalo
Caldari Resonance Laboratories
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Posted - 2010.11.01 19:06:00 -
[16]
You've missed the boat m8. You needed a t2 bpo years ago or to have been in on the null sec moon goo exploit or stuff like that.
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Boogie Bobby
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Posted - 2010.11.01 19:21:00 -
[17]
Agree with the guy above me. Long time players have/had some big faucets that take new folks a long time to get into (in general). Assuming getting rich is your goal, I imagine to do it legitimately is a muti-pronged approach. Run invention/manufacturing/trade/datacores/PI/PVE/corp/alliance leader/moon mining all at once in whatever balance suits you and push your most profitable aspects to the largest scale possible.
I think, just like real life, you need the balls to create and capitalize on opportunity when it knocks like for instance a glaring patch trade opportunity, broken insurance, scam, corp theft(I don't personally condone these but it happens), new or emerging markets or one of those 'million dollar ideas' like somer.blink, EOH etc.
Keep in mind if you're just starting and trying to be 'rich' you're trying to catch guy's who've mastered their methods for the past 5-7 years. If you don't have a way to get rich quick, in another 3-5 years the bar will have moved even higher.
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Rikki Sals
Caldari
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Posted - 2010.11.01 19:33:00 -
[18]
Well, I suppose you could spend ~$21,000 on GTCs and sell them for isk. Although depending on your pattern/timeframe of selling, that would probably depress PLEX prices a little bit.
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Olusegun Obasanjo
Minmatar CENTRAL BANK OF NIGERIA
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Posted - 2010.11.01 21:03:00 -
[19]
Originally by: Machete Visor
Originally by: Don Pellegrino Edited by: Don Pellegrino on 01/11/2010 14:55:02 If your money increases linearly (i.e. +3b a month), you are doing it wrong.
With 50b, you should normally be earning 10 times more isk per week than you used to earn with only 5b.
What's hard isn't to get to 10b, it's to keep it increasing exponentially past 10b.
edit:typo
I'm curious if anyone can make 50B on 50B in a month. It seems to me that the % return must diminish as the base increases... so in that regard, is it possible to be "doing it right"?
even the most lazy of investments can make at least 2-3% a month and it scales with investment. with some maintenance you can make upwards of 7%, and it scales too, you just are not looking in the right places
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PinkFish
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Posted - 2010.11.01 21:16:00 -
[20]
The path to this kind of ISK is a lot harder to find then a lot of people here like to preach. This forum seems to attract a people who want to feel wealthy by lying about their wallet or giving meaningless advice that is essentially the same as a lie.
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2010.11.01 21:26:00 -
[21]
Pinkfish has a good point.
For me thinking about vast wealth is silly. It's the pursuit of profit that makes the game fun, the end result is just a candy treat.
There is nothing wrong with being small, yet profitable..... and that sure as hell beats lying about phat wallet any day.
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Suicida1
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Posted - 2010.11.01 22:32:00 -
[22]
Edited by: Suicida1 on 01/11/2010 22:34:35 patch speculation is by far the easiest one. I went from 9 bil liquid to 30 bil liquid + 60 bil assets just from speculating on the last patch. Not even owning a moon goo network brings so much money for so little effort.
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Companion Qube
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Posted - 2010.11.01 22:48:00 -
[23]
Edited by: Companion Qube on 01/11/2010 22:50:39 Look for opportunities to multiply your money, say, with patch speculation - and businesses that scale perfectly, like insurance fraud.
Scale a business that can rapidly multiply your money by 1.05 or 1.1 with no risk and it's just clicking and following the rule of 72 until you hit your goal. You'll probably find that you stop giving a **** about making more money once you hit 100b or so.
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Chigy
Minmatar The Smoggies
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Posted - 2010.11.01 22:50:00 -
[24]
Originally by: Companion Qube Edited by: Companion Qube on 01/11/2010 22:50:39 Look for opportunities to multiply your money, say, with patch speculation - and businesses that scale perfectly, like insurance fraud.
Scale a business that can rapidly multiply your money by 1.05 or 1.1 with no risk and it's just clicking and following the rule of 72 until you hit your goal. You'll probably find that you stop giving a **** about making more money once you hit 100b or so.
100B?
I stopped caring at 20
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Leksi Bar'zuk
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Posted - 2010.11.01 23:07:00 -
[25]
Static net worth is useless. What matters is how much you spend vs. how much you reliably earn. No matter how big a pile you stack up, it'll eventually run dry as you lavish your alts with expensive toys (or you'll become a giant scrooge and quit the game with billions still rotting in your wallet). Go for sustainable income.
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Companion Qube
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Posted - 2010.11.01 23:53:00 -
[26]
Originally by: Chigy
100B?
I stopped caring at 20
I like expensive toys :shrug:
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T'Amber
www.shipsofeve.com
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Posted - 2010.11.02 13:06:00 -
[27]
I made the 500bil (more like 480bil) from research, manufacturing and science. It took me 4hours a day using four accounts just under 8months and then about the same amount of time to get rid of it.
I would say making 10bil using this method and then using that on the market would be alot easier. Alternatively you could make a popular game service and make this in less than 2months.
-T'amber
THANKS FOR ALL THE FISH!
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Xearal
Minmatar SOL Industries Black Thorne Alliance
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Posted - 2010.11.02 14:18:00 -
[28]
I still have a ways to go before I see that 1B in liquid assets in my wallet, but my assets have been slowly accumulating. The other day I noticed i had 750M in sell orders on the market, and at least 300M worth of assets in my hangars.
I still am looking for the time to get some station trading done, but I'm slowly getting there with my industry skills that have been budding on my main. right now I'm only producing T1 stuff, creating a small stream of revenue I'm slowly using to expand my revenue streams. When the last patch hit, I managed to use some of my capital on a little speculation, which gave me a little boost, though I didn't have enough capital to really work that one. I had researched PI on sisi, and worked out how to best get revenue from this, which is earning me about 600M a month now, enough to supply me with my plex need for my 2nd account which has been training up for larger endeavours.
The market where I operate for my current small industry projects is small and slow, but the margins are good, I was even able to make good profit with prod eff 3. now that I'm almost at 5 and expanding into science for the T2 stuff, I think I will soon be able to increase my reveneue by a lot.
as for the reason to get filthy rich.. it's not the ISK that matters, it's getting it that's fun. ISK itself is just a way to 'keep score' :)
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flakeys
DRAMA Inc Sev3rance
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Posted - 2010.11.02 14:38:00 -
[29]
Originally by: Companion Qube You'll probably find that you stop giving a **** about making more money once you hit 100b or so.
I think this is because a lot of people keep resetting their goal but after you hit the 100B mark you kinda loose the drive to since there are so many items you can buy with that amount of isk.Also with such an amount of isk i could buy a damn kewl faction ship to mission in but why would i buy a 20 bille ship to do a mission that my 1 bille ship can do just as easy and risk the chance of suicide ganking.Or i could buy a damn kewl pvp ship but then if i am in a corp/alliance and specifically if i would be in 0.0 i would get MAJOR trouble if it got killed because these days it's all about fcking killboards instead of fun when it comes to pvp.
At least for me it worked that way , allways had a goal till i reached the 100B mark and from there just try to keep myself above that 100B for some reason but nothing more.
The only thing i got going is some 0.0 orders wich only generate 1 bille a month or so , my investments wich generate approx 2 bille currently and then i occasionally buy some stuff.Got into technetium a few weeks back of wich i sold 2/3 and if all goes well the remains will be off soonish and then also bought 6 bille worth of zyd a week back and relisted it for a 15% profit wich got sold the other day. Basically speaking for myself at 100B i lost the will and drive to do much more then some speculation/investments wich only take about 1 hour a month total yet guarantee my pvp/pve losses will be recouped.
I can understand though why some people keep going even after 500B and if wallet growth is all you play for then sure why not.It just doesn't work out for me that way since allthough i made quite a nice amount with trade it allways felt/feels like work to me instead of fun.To me trade is a means to generate isk for fun use for others trade is the fun element of the game.
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clixoras
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Posted - 2010.11.02 21:53:00 -
[30]
i would say that everyone with 50b+ stops 'regular' trading. What's the point making 100k more or less even with high volume. There are advantages of having 100b or more, larger scale market manipulation or larger patch spec. for instance :) |
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